SIT Exam 1

When you implement an Enterprise software solution like SAP, you want departments like Accounting, Finance and Marketing to:

work interdependently

It is estimated that Big Data will create ______ million Global MIS jobs

4.4

In Professor Keith's CNBC Tesla article, Elon Musk believes that it will take about ____ billion real-world miles to gain "Worldwide regulatory approval for autonomous vehicles."

6

In the Digital Business Model slide there were ___ basic forms of DBM examples

8

In the Digital Business Model slide, there were _____ basic forms of DBM examples

8

Data is useful for understanding individual sales, but to gain deeper insight into a business data needs to be turned into information. Which of the following offers an example of turning data into information?

All of the above

According to Mckinsey, 30% of hours worked globally could be automated by 2030. Automation and technology innovation is also creating new jobs including:

Big Data Scientists

Your boss has asked you to analyze the airline industry using Porter's three generic strategies. Which of the following companies are using a differentiation strategy?

British Airways, Singapore Airlines, Virgin Atlantic

Today's digital business model - focused managers to make strategic decisions based upon _____ and _______.

Business Intelligence, Knowledge

Managers use _________ a form of Business Intelligence or Analytics to answer the question "Why did it happen?"

Diagnostic Analytics

Today, most personal computers can save and analyze _____ of data

Gigabytes

In professor Wright's CNBC Tesla and AI article Nidhi Karla from RAND said which company had the most real world miles

Tesla

Which of the following is NOT correct historically according to accepted Digital Business Models

Tesla primary focus was on house batteries

Which of the following is NOT correct historically, according to accepted Digital Business Models?

Tesla primary focus was on house batteries

Tony's Wholesale Snack Company in your textbook has examples of unstructured data including

Text Messages

In the "What is Strategy" article:

Vanguard followed a low cost leadership strategy

In terms of strategic sequencing, which of the following works best?

Vision, Mission, Business Strategy, IT Strategy

Free apps such as Google or Facebook leverage users' data combined with Algorithms to

all of the above

Frito Lay has its sales representatives go into grocery stores with iPads to record competitors

all of the above

Which of the following represents the types of data commonly found in the accounting department

all of the above

With Business Intelligence, you transform information collected from multiple sources such as

all of the above

In the What is strategy article, Porter said that competitive strategy is about:

being different

A leadership plan which includes where you want to go, including your strength goals is called a _________

business vision

Business today is simple - it's data driven. Data is driving and transforming businesses. As a result, companies are searching for data savvy candidates. One of the top hot careers and skill sets for your future include:

data analyst

In early 2000, Steve Hobs was fixed on developing video editing software, when he suddenly recognized Sean Parker, Napster, and the trend toward using computers to listen to music. Jobs moved fast:

developing iTunes in 4 months

Which of the following represents the types of data commonly found in the Human Resources department

employee data

Jay owns and operates one of the most successful local coffee shops on the mainline called The Wright Cfe. Each time a customer purchases their 100th cup of coffee at The Wright Cafe, they receive a free pound of coffee of their choice. What is Jay attempting to create with his unique "Free Pound of Coffee" marketing program?

reducing buyer power with a loyalty program

Companies operate in competitive environments and they must continually define and redefine their business strategies to create competitive advantages. _______ are key business enablers for successful operations in competitive environments

information systems

Which of the following are included as potential internal weaknesses in a SWOT analysis that are harmful to an organization

lack of strategic direction, obsolete technologies, lack of managerial talent, outdated product line

When you looked at a typical value chain in class, that was developed by interviewing customers, most of the value added came from:

making the product or service

We live in a world where the Internet of Things or IOT collects and shares data without human intervention. Your smart watch (IoT device) could be directly connection with your smart phone. With IoT and M2M there is a security risk _________

sensitive data leakage

Polaroid had a unique competitive advantage for many years until it missed which trend or trends?

people taking digital pictures

Amazon.com uses an eCommerce, customer profiling system, whenever a customer visits its website. Using this system, Amazon can offer products tailored to that particular customer's profile and buying pattern. What is Amazon using to achieve the competitive advantage

product differentiation

All of the following are common tools used in industry to analyze and develop competitive advantages, except ____________.

the competitive analysis model

If you were thinking about a washing machine as a system, which of the following represents the inputs?

the dirty clothes, water, and detergent

Managers use _________ a form of business intelligence or analytics to decide what new flavors of sports drinks or potato chips to introduce

Predictive Analytics

In terms of digital disruption versus large incumbent companies

Netflix disrupted Blockbuster

What IT topic is much more fun and interesting to study and implement

OLAP

In the "What is Strategy?" HBR article, a key point was that:

Operational Effectiveness (OE) was more important than Strategic Positioning

The "What is Strategy?" article focuses on 3 key themes EXCEPT ONE of the following

Rivals can easily copy you strategic positioning

in terms of information for Tony's Snack foods, ____ was Tony's best seller

Ruffles

When you analyze sales data for Tony's Snack Company in your textbook, you see this information:

Ruffles is Tony's best selling product by sales

The top 3 industries on the FIRE slide in terms of profitability were:

Security Brokers, Soft Drinks, Prepackaged Software

Walmart used business intelligence to analyze patterns and learned that when a storm is approaching Florida, people purchase more:

Strawberry Pop Tarts

Which of the following statements is correct when considering SWOT analysis

Strengths and weaknesses originate inside an organization

Which of the following is an example of information

What is my worst selling product?